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31 Jan 2020

US Pres. Trump: Coronavirus outbreak is 'very well under control'

In a speech at an auto parts manufacturer in Warren, Michigan, US President Donald Trump said that the US was cooperating with China on the coronavirus outbreak and he believed it was under control, per Reuters.

Key Quotes:

“We’re working very closely with (China) and with a lot of other people and a lot of other countries” on combating the outbreak.”

“We think we have it very well under control. We have very little problem in this country at this moment.”

On Thursday, the World Health Organization (WHO) declared that the coronavirus epidemic in China is now a public health emergency of international concern.

Jan 31, 2020

USD/CAD Price Analysis: Under pressure in Asia, forming head-and-shoulders

The Canadian dollar has found some love in Asia. The USD/CAD pair is currently trading at 1.3204, representing marginal losses on the day, having hit

USD/JPY Price Analysis: Hammer hinting at bullish reversal

USD/JPY charted a long-tailed hammer candle on Thursday. A strong follow-through on Friday is needed to confirm bullish reversal. USD/JPY is currentl